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里昂降嘉里(0683.HK)评级至“跑输大市”目标价下调至30港元
格隆汇 08-21 11:09

里昂以「顺境变逆境」为题发表报告,指现时楼价转向、息差收窄及派息风险提升,对嘉里(00683.HK)造成不利影响。该行认为,嘉里于本地发展商中最受楼价影响,股价与楼价走向关连性甚高,于楼价下行期间将受到影响,降其评级自“买入”降至“跑输大市”,基于人民币贬值及香港租金升幅放缓,降2019年至2021年盈测0.5%至1.3%,目标价相应自37港元下调至30港元。

该行指嘉里上半年表现符预期,惟管理层对下半年抱审慎态度,主要由于贸易纠纷及香港社会问题带来不确定因素,未有加中期派息。

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